Information and communication technologies as a new vector of development of the modern economy

Abstract

Information and communication technologies change the ideas and expand the possibilities of humanity in the issues of collection, processing, storing, transfer, and usage of the existing information base – at the same time, they set a range of requirements to humanity – acquisition of skills of working with an innovational products and improved software and formation of new thinking. Expansion of the list of information capabilities stimulates the fact that possession of information, increase of its quality and content, and its skillful usage in business and life become the most important advantage in the modern society and provides a chance for self-implementation and self-development. Distribution and popularization of information and communication technologies take place very quickly under the condition of minimization of cots, which stimulates reduction of price for products. Hence the possibility of obtaining larger effect with minimum expenditures and quicker – unlike the generally accepted means. The effect from their application has its own specifics due to interconnection to processing and usage of information sources, which, in the modern economic conditions, are at the first position as to the level of significance. The research methods include analysis and synthesis, induction and deduction, historical and logical methods, abstraction and formalization, and comparison. The scientific novelty of the article consists in studying the information and communication technologies as a new vector of development of modern economy.